Premium Increases on Plans Have Slowed, But Employees’ Are Paying More

In New York, premiums for employer-sponsored family plans have slowed since the passage of the Affordable Care Act, but premiums and deductibles now eat up a larger share of employees’ incomes, according to a Commonwealth Fund report released Thursday.

Premiums for family coverage in the state grew 6% annually from 2010 to 2013, down from 7% in the seven years preceding the law. The average premium for a family, including an employer’s share, was $17,530 in 2013—an 86% increase from a decade earlier. New York data from the report are online here.

For single plans in New York, the annual growth rate of premiums rose slightly after the ACA’s passage, to 5.7% from 2010 to 2013, versus 5.5% from 2003 to 2010.

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Jeffrey R. Ungvary President

Jeffrey R. Ungvary